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Author(s): Giuseppe Alvaro

Journal: Moneta e Credito
ISSN 0026-9611

Volume: 64;
Issue: 255;
Start page: 229;
Date: 2011;
Original page

Keywords: GDP | welfare | measurement

ABSTRACT
The article criticises the recent Stiglitz-Sen-Fitoussi Report arguing that the suggestion of developing a series of indicators that would complement the traditional GDP will in fact end up in confirming the centrality of the GDP, which would remain the central theoretical reference point as well as the main policy target. What is needed is a new conceptual framework of which the GDP is only a part, that has the potential to lead to a new synthetical index, replacing the GDP altogether. The article sketches the main characteristics of such a new index.
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